Bailard Inc. Buys 12,536 Shares of JPMorgan Chase & Co. $JPM

Bailard Inc. increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 163,323 shares of the financial services provider’s stock after acquiring an additional 12,536 shares during the period. JPMorgan Chase & Co. accounts for about 1.1% of Bailard Inc.’s holdings, making the stock its 22nd largest position. Bailard Inc.’s holdings in JPMorgan Chase & Co. were worth $47,349,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Renasant Bank grew its holdings in JPMorgan Chase & Co. by 22.5% during the second quarter. Renasant Bank now owns 7,064 shares of the financial services provider’s stock valued at $2,048,000 after purchasing an additional 1,297 shares during the last quarter. Geode Capital Management LLC grew its stake in JPMorgan Chase & Co. by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 61,129,271 shares of the financial services provider’s stock valued at $17,646,506,000 after buying an additional 300,160 shares during the last quarter. Accredited Investors Inc. grew its stake in JPMorgan Chase & Co. by 0.6% in the 2nd quarter. Accredited Investors Inc. now owns 20,705 shares of the financial services provider’s stock valued at $6,003,000 after buying an additional 123 shares during the last quarter. Everett Harris & Co. CA raised its holdings in JPMorgan Chase & Co. by 5.4% in the 2nd quarter. Everett Harris & Co. CA now owns 27,828 shares of the financial services provider’s stock worth $8,068,000 after acquiring an additional 1,429 shares during the period. Finally, Kelleher Financial Advisors lifted its position in JPMorgan Chase & Co. by 38.0% during the 2nd quarter. Kelleher Financial Advisors now owns 9,311 shares of the financial services provider’s stock worth $2,699,000 after acquiring an additional 2,566 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Down 0.2%

JPM opened at $297.82 on Friday. The company has a market capitalization of $810.74 billion, a P/E ratio of 14.75, a P/E/G ratio of 1.84 and a beta of 1.14. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.88. The firm’s fifty day moving average price is $307.43 and its two-hundred day moving average price is $291.20. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $322.25.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.83 by $0.24. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The company had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $44.42 billion. During the same period last year, the firm earned $4.37 EPS. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 6th were paid a dividend of $1.50 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio is 29.72%.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $345.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of JPMorgan Chase & Co. in a report on Wednesday. KGI Securities upped their price target on JPMorgan Chase & Co. from $300.00 to $315.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Morgan Stanley increased their price objective on JPMorgan Chase & Co. from $336.00 to $338.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 15th. Finally, TD Cowen boosted their target price on shares of JPMorgan Chase & Co. from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Fifteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $326.38.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 966 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $311.92, for a total value of $301,314.72. Following the sale, the insider directly owned 58,479 shares in the company, valued at $18,240,769.68. This represents a 1.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Linda Bammann sold 9,500 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the transaction, the director owned 82,207 shares of the company’s stock, valued at $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.47% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.